The Rating of Land Values Notes Upon the Proposals to Levy Rates in Respect of

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Wainwright, 21. S98-902. Mathews, 22, 166-71, and Vol. IV. Of Min. Of Ev. , App. No. VI. , par. Xvi. (2), Sabin, Vol. IV. Of Min. Of Ev.. App. No. VI. , pars. 17-21. Mathews, Vol. IV. Of Min. Of Ev. , App. No. VI. , par. 16. See also Wainwright, Vol. IV. Of Min. Of Ev.. App. No. V. , pars. 7, 8, 9. Cross, 21, 591. 21, 608.
Sabin, Vol. IV. Of Min. Of Ev. , App. No. III. Pars. 17-21.
to the Royal Commission that the difficulties of dis- tinguishing land ripe and land ripening for building would b
...e very great.
For instance, Mr. Mathews, of Birmingham, said : — " There would be great difficulty in defining what lands should be subject to it. Building value is of very gradual growth, and land at the urban limit may have a prospec- tive building value, i. E. , a purchase value much greater than its agricultural value, many years before it is ripe for building, and has an actual building value. No efforts of the owner would induce a builder to spend his capital upon it before this time, and the accumulation of a tax thereon might consume all the profit the owner may sub- sequently make.


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